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Deepak Tripathi (Student)     26 July 2021

Share Transfer in a Pvt. Ltd Company

In a Pvt. Ltd . Company with two directors both being owners in the ratio of 50% Each.

Can any Director transfer his share/ part share to any other person outside the company without taking approval of the other director in written.

Can a clause be inserted in the memorandum/article of assocaitarion...that neither of the Directors can transfer his or her share without the approval of the other Director.

What is the succession clause in respect of a pvtltd. company ?



 2 Replies

CS Divesh Goyal

CS Divesh Goyal (Practicing Compnay Secretary)     26 July 2021

1. without board approval shareholders cant transfer their shares in private company.

1 Like
CS Divesh Goyal

CS Divesh Goyal (Practicing Compnay Secretary)     26 July 2021

2. Even without such clause, Private Company cant do the same.

1 Like

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